ManagementHindustan Copper rises 10%
The stock gained 10 per cent at Rs 233.05, has frozen the upper limit of circuit filter on reports that the government is considering divesting its stake in copper producer. The Government of India holds a sizable 99.59 per cent stake in the company.
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The net profit of the company has declined by 73 per cent to Rs 14.69 crore during the first half (April-September) of the current financial year 2009-10 against Rs 55.06 crore net profit reported in first half of the previous financial year.